Plaza

Overview

117 W Plaza Drive – Mooresville Commons was acquired in 2018. This 6+ acre retail center features national tenants such as Gerber Collision, Urgent Care, Little Caesars, Enterprise Rent-A-Car, and Allstate Insurance. The property was purchased as a distressed asset from a bank, presenting significant value-add potential with 40% vacancy at acquisition. We were able to double the property's value through strategic capital improvements and aggressive leasing efforts.

Highlights

• —6+ acre retail center
• —National tenants
• —40% vacancy at acquisition
• —Sold in 2024 — value doubled